It's been a tough road for millennials and Gen Zs with mountains of student debt, recessions, layoffs, and housing prices going through the roof to deal with. But as my next guest shares in this episode, all hope isn't lost and it's still possible to live your best financial life and have a comfortable retirement.
Anne Lester, author of Your Best Financial Life, has been hailed as a "pioneer and innovator" by Morningstar and has worked in all aspects of retirement for the past 30 years. In other words, she's seen plenty of ups and downs in the markets and people's financial lives and still believes that anyone can change their financial future if they follow the strategic path she sets out in her book. She was able to become "work optional" at 60 and hopes to teach as many people as she can how they can take control of their financial destinies and live a better financial life moving forward.
I'll also be giving away a copy of her book, so make sure to visit jessicamoorhouse.com/contest to enter to win.
*This episode of the More Money Podcast is presented by The Globe and Mail. Visit https://tgam.ca/jessica to get unrestricted access to The Globe and Mail for only $1.99/week for 52 weeks (plus tax).*
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CHAPTERS
00:00 Introduction
02:36 Guest Background
05:49 The Financial Challenges of Younger Generations
09:38 The Future of Social Security and Pensions
12:55 Automating Savings and Emergency Funds
14:44 The Evolution of Investing and the Importance of Automation
19:57 Understanding Behavioral Economics and Overcoming Financial Mistakes
27:59 Changing Financial Behaviors and Creating a Plan
32:14 Accepting Personal Wiring and Creating Strategies for Success
35:11 Managing Emotions and Mindfulness in Financial Decision-Making
35:40 Dealing with Painful Experiences
37:59 The Impact of Student Debt
39:54 Assessing the Value of Higher Education
40:51 Making Informed Choices about Education
43:02 Valuing Hands-On Jobs
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TAKEAWAYS
• Practice self-compassion and acknowledge painful experiences.
• Assess the value of higher education and consider alternative career paths.
• Question and understand investments before making decisions.
• Seek financial advice and resources to make informed financial choices.
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RESOURCES
📌 Buy "Your Best Financial Life" book https://amzn.to/3TmWhyl
📌 Show notes & transcript https://jessicamoorhouse.com/391
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ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website https://jessicamoorhouse.com
#personalfinance #financialliteracy #money
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